Mutual of America Capital Management LLC Sells 2,550 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Mutual of America Capital Management LLC cut its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,763 shares of the medical equipment provider's stock after selling 2,550 shares during the period. Mutual of America Capital Management LLC's holdings in Intuitive Surgical were worth $22,321,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. M.E. Allison & CO. Inc. bought a new stake in Intuitive Surgical in the 4th quarter worth about $449,000. Seilern Investment Management Ltd bought a new stake in Intuitive Surgical in the 4th quarter worth about $82,517,000. Sycomore Asset Management grew its position in Intuitive Surgical by 27.4% in the 4th quarter. Sycomore Asset Management now owns 18,945 shares of the medical equipment provider's stock worth $9,214,000 after purchasing an additional 4,079 shares in the last quarter. Exome Asset Management LLC grew its position in Intuitive Surgical by 16.8% in the 3rd quarter. Exome Asset Management LLC now owns 7,427 shares of the medical equipment provider's stock worth $3,649,000 after purchasing an additional 1,069 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. grew its position in Intuitive Surgical by 5.6% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 9,843 shares of the medical equipment provider's stock worth $5,138,000 after purchasing an additional 525 shares in the last quarter. 83.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Intuitive Surgical from $630.00 to $687.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Royal Bank of Canada boosted their target price on shares of Intuitive Surgical from $611.00 to $641.00 in a research note on Monday, January 27th. BTIG Research boosted their target price on shares of Intuitive Surgical from $535.00 to $561.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Piper Sandler reiterated an "overweight" rating and issued a $670.00 target price (up from $538.00) on shares of Intuitive Surgical in a research note on Friday, January 24th. Finally, Truist Financial boosted their target price on shares of Intuitive Surgical from $640.00 to $666.00 and gave the company a "buy" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Intuitive Surgical presently has an average rating of "Moderate Buy" and a consensus price target of $613.10.

Insider Buying and Selling

In other news, EVP Myriam Curet sold 2,401 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $581.00, for a total value of $1,394,981.00. Following the transaction, the executive vice president now owns 353 shares of the company's stock, valued at $205,093. This represents a 87.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amal M. Johnson sold 4,635 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the completion of the transaction, the director now directly owns 12,275 shares in the company, valued at $6,955,015. The trade was a 27.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,077 shares of company stock valued at $4,620,025. Company insiders own 0.80% of the company's stock.

Intuitive Surgical Trading Up 1.7 %

Intuitive Surgical stock opened at $573.15 on Friday. The firm's 50 day simple moving average is $569.87 and its 200 day simple moving average is $528.64. The firm has a market capitalization of $204.14 billion, a PE ratio of 89.42, a price-to-earnings-growth ratio of 5.85 and a beta of 1.39. Intuitive Surgical, Inc. has a 1-year low of $364.17 and a 1-year high of $616.00.

Intuitive Surgical Profile

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.